What Should Be Included in a Confidentiality Agreement?
An effective NDA should include:
Definition of Confidential Information: Clearly specify what constitutes confidential information. Obligations of Receiving Party: Outline how the recipient must handle the confidential information. Duration of the Agreement: State the time period during which the information must remain confidential. Exclusions: Identify what information is not covered by the NDA, such as publicly available information. Consequences of Breach: Detail the repercussions if the agreement is violated.